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AMS and IMDAAD partner to provide Facilities Management services in the Middle-East

Partnership to begin with the United Arab Emirates and extend to GCC & Levant Countries

Abu Dhabi, April 21st, 2009: Aswaq Management & Services (AMS) - the Abu Dhabi-based mixed-use property consultancy, sales, leasing and management company, has entered into an agreement with IMDAAD - the Dubai-based integrated facility management solutions company - to provide facility management services including consultancy, strata and operation management, health, safety and environmental services in the region.

The partnership, which consists of a comprehensive cycle of facility management services, will focus on AMS ' assigned properties in Abu Dhabi, in the other emirates as well as in the GCC and Levant Countries.

The agreement was signed by AMS Chairman H.E. Nasser Mohammed Al Nowais and Jamal Abdullah Lootah, Chief Executive Officer of IMDAAD LLC to identify AMS Projects and form a JV Company.

Explaining the significance of the partnership, H.E. Nasser Mohammed Al Nowais said: "Within this context of global financial crisis, the challenge of the real estate market in the Middle-East is to provide a better quality service and management with the assistance and the expertise of specialized property consultants and the skills of qualified managers and service providers. We believe that effective maintenance is indispensable to the projects assets value."

He further added: " IMDAAD provides high standard expertise in facilities management and has an excellent track record of maintaining many key properties across the region. Their technical know-how, logistics and human resource capabilities will create synergies with AMS to offer property consultancy, assistance and management services to property owners and developers from initial design to operation stages. We are extremely confident that our partnership with IMDAAD will augur well for AMS , its affiliates and most important our clients, as we are assured of effective and timely management across all our properties across the region."

"The vision of the company is to build a global brand that is universally acknowledged as a market leader in the provision of professional facility management solutions and services. IMDAAD offers contemporary, cutting-edge expertise in areas such as engineering maintenance services, soft facility management services, facility management consultancy, waste management, camp management amongst others. There is a huge growth potential within the facilities management sector across the region. Tapping these opportunities and expanding our clientele base is a priority."

He further added:"We have been associated with some key projects across the region that has provided us with a competitive edge over the others. Our venturing with AMS places new responsibilities on us and we are confident of executing them effectively and seamlessly in a most professional manner. We look forward to working in partnership with AMS in providing excellent facilities management services" said Jamal Abdullah Lootah, CEO of IMDAAD .

IMDAAD 's team of experts engage with clients right from the inception of a project and help recognize and execute strategic solutions designed to streamline the operation of facilities and will take charge of the total management solutions. These services will include high standard outsourced management services in facilities management, facilities management consultancy, specialist facilities services and employee welfare activities.

AMS is under assignment to handle consultancy, leasing and management for various projects in the region. AMS and its regional affiliates in the GCC-Levant region -- AMS-Dubai, Gulf Management & Services in Bahrain, Beirut Real Estate Management & Services s.a.l. in Lebanon and Amman Real Estate & Management Services in Jordan manage 19 projects, covering a combined Gross Leasable and / or Sellable Area (GLA / GSA) of over 1.6 million square meters, thus representing a significant potential for this new partnership.

-Ends-

About Aswaq Management & Services :
Aswaq Management & Services , a specialist company in mixed-use property consultancy, sales and leasing Assistance and Services, represents French company Société des Centres Commerciaux (SCC) http://www.scc.fr in the MENA region. It was established in Abu Dhabi in 1999 as a joint venture between H.H. Sheikh Mohammed Bin Suroor Al Nahyan, H.E. Nasser Mohammed Al Nowais and SCC.

http://www.aswaqms.ae

About IMDAAD :
IMDAAD , established in 2007 and represented by its CEO Mr. Jamal Abdulla Lootah, is a conglomeration of several successful Dubai World businesses excelling in their fields for years, and fully-owned subsidiary of Dubai World. It offers its expertise in Facility Management, Specialist Facilities Services and Welfare activities.

http://www.imdaad.ae

For further information, please contact:
Zylfi Husenaj
Aswaq Management & Services
Tel: + 971 2 645 7733
Fax: + 971 2 645 7737

Ashutosh Gupta
BPG Public Relations
Tel: +971 4 295 3456
Mob: +971 50 283 4339
Fax: +971 4 295 1027
ashutosh@batespangulf.com

© Press Release 2009